Wednesday August 14 2019
Dutch Q2 GDP Growth Stronger than Expected
CBS | Luisa Carvalho | luisa.carvalho@tradingeconomics.com

The Dutch economy advanced 0.5 percent on quarter in the three months to June 2019, the same pace as in the previous period and beating market expectations of 0.3 percent, a preliminary estimate showed. Growth was mainly driven by net foreign demand, household consumption and fixed investment.

Net external demand was the main driver of growth, as exports surged 1.3 percent (vs 0.6 percent in Q1) and imports advanced at a slower 0.7 percent (vs 1.6 percent in Q1). Also, household consumption rose at a faster 0.8 percent, after a 0.2 percent gain in the previous period. Meanwhile, gross investment in fixed assets slowed (1.3 percent vs 2.7 percent); and there was a contraction in government spending (-0.1 percent vs 0.4 percent in Q1).

Compared with the same quarter of 2018, the GDP grew 2.0 percent, quickening from a 1.7 percent advance in the previous period. Both fixed investment (5.3 percent vs 5.0 percent in Q1) and household consumption (1.7 percent vs 0.7 percent) rose faster while government spending weakened somewhat (0.8 percent vs 1.3 percent). At the same time, net foreign demand contributed positively to the GDP growth, as exports advanced 3.0 percent (vs 1.3 percent in Q1) and imports increased at a softer 2.5 percent (vs 2.2 percent in Q1). 




Monday June 24 2019
Dutch Q1 GDP Growth Confirmed at 0.5%
Statistics Netherlands l Chusnul Ch Manan | chusnul@tradingeconomics.com

The Dutch quarterly economic growth was confirmed grew at 0.5 percent in the three months to March of 2019 the same as in the previous three-month period. Growth was mainly driven by fixed investment which offset a negative foreign demand.

Household consumption growth slowed to 0.1 percent from 0.3 percent in the last quarter of 2018; and fixed investment rose 2.7 percent, easing from 3.8 percent expansion in the prior quarter. Also, government spending went up 0.5 percent, the same as in the fourth quarter of 2018. In addition, net external demand contributed negatively to the GDP growth as imports rose 1.7 percent (vs -1.0 percent in Q4) and exports increased at a softer 0.5 percent (1.3 percent in Q4). 

Year-on-year, the economy expanded 1.7 percent year-on-year in the first quarter of 2019, slowing from a 2.2 percent growth in the previous period, and in line with the preliminary estimates. It was the weakest growth rate since the last quarter of 2015, as private consumption eased to 0.7 percent from 2.1 in the fourth quarter of 2018. Also, net foreign demand contributed negatively to the GDP growth, as imports rose 2.2 percent (vs 1.4 percent in Q4) and exports rose at a slower 1.3 percent (vs 2.5 percent in Q4). Meanwhile, government spending expanded 1.3 percent, faster than a 1.0 percent gain in the prior period and fixed investment went up 5.0 percent (vs 2.5 percent in Q4).
 



Tuesday May 14 2019
Dutch Q1 GDP Growth Beats Estimates
CBS | Stefanie Moya | stefanie.moya@tradingeconomics.com

The Dutch economy advanced 0.5 percent on quarter in the three months to March 2019, the same as in the previous period and beating market expectations of 0.4 percent, a preliminary estimate showed. Growth was mainly driven by fixed investment which offset a negative foreign demand.

Household consumption growth slowed to 0.1 percent from 0.5 percent in the last quarter of 2018; and fixed investment rose 2.1 percent, easing from 4.0 percent expansion in the prior quarter. Also, government spending went up 0.5 percent, the same as in the fourth quarter of 2018. In addition, net external demand contributed negatively to the GDP growth as imports rose 1.6 percent (vs -1.1 percent in Q4) and exports increased at a softer 0.8 percent (-1.6 percent in Q4). 

Year-on-year, the economy  expanded 1.7 percent, slowing from a 2.2 percent growth in the previous period. It was the weakest growth rate since the last quarter of 2015, as private consumption eased to 0.7 percent from 2.2 percent in Q4. Also, net foreign demand contributed negatively to the GDP growth, as imports rose 1.6 percent (vs 1.1 percent in Q4) and exports advanced at a slower 1.1 percent (vs 1.5 percent in Q4). Meanwhile, government spending expanded 1.2 percent, faster than a 0.8 percent growth in the prior period and fixed investment went up 4.5 percent (vs 4.4 percent in Q4).


Tuesday March 26 2019
Dutch Q4 GDP Growth Confirmed at 0.5%
Statistics Netherlands | Chusnul Ch Manan | chusnul@tradingeconomics.com

The Dutch quarterly economic growth was confirmed at 0.5 percent in the fourth quarter of 2018, compared with an upwardly revised 0.2 percent expansion in the previous three-month period.

The fourh-quarter expansion was driven by household consumption (0.5 percent vs 0.1 percent in Q3), fixed investment (3.7 percent vs -2.4 percent) and government spending (0.5 percent vs -0.1 percent). Meantime, inventory changes were neutral, while net external demand contributed negatively to the GDP growth as exports fell 1.5 percent (vs 1.6 percent in Q3) and imports declined at a softer 1.3 percent (vs 0.9 percent in Q3).
 
Year-on-year, the economy grew 2.2 percent, faster than a preliminary estimate of 2 percent and compared to the previous period's 2.4 percent expansion. Private consumption growth accelerated to 2.2 percent from 1.9 percent and fixed investment advanced 4.4 percent, faster than 0.6 percent in Q3. In addition, net foreign demand contributed positively to the GDP growth as exports rose 1.5 percent (vs 3.4 percent in Q3) and imports went up at a softer 1.1 percent (vs 2.7 percent in Q3). Meanwhile, a negative contribution was made by inventory changes (-0.1 percentage points vs 0.9 percentage points in Q3).
 
Considering 2018 full year, the GDP rose 2.7 percent, easing from a 2.9 percent increase in 2017.


Thursday February 14 2019
Dutch GDP Growth Accelerates to 0.5% in Q4
CBS | Joana Ferreira | joana.ferreira@tradingeconomics.com

The Dutch economy expanded 0.5 percent on quarter in the three months to December 2018, accelerating from a downwardly revised 0.1 percent growth in the previous period and matching market expectations, a preliminary estimate showed. Household consumption and fixed investment rebounded while a negative contribution was made by inventory changes.

Household consumption rose 0.5 percent in the fourth quarter (vs no growth in Q3) and government spending advanced 0.5 percent (vs no growth in Q3). In addition, fixed investment rebounded sharply (0.7 percent vs -0.1 percent). Net external demand also contributed positively to the GDP growth as exports fell 1.3 percent (vs 1.1 percent in Q3) and imports declined at a faster 2.1 percent (vs 1.2 percent in Q3). By contrast, inventory changes subtracted 0.3 percentage points to growth.

Year-on-year, the economy grew 2 percent, easing from a 2.4 percent expansion in the previous period. Private consumption growth accelerated to 2 percent from 1.8 percent and fixed invesment advanced at a faster 3.7 percent (vs 3.3 percent in Q3). In addition, net foreign demand contributed positively to GDP growth as exports rose 1.3 percent (vs 3.4 percent in Q3) and imports at a softer 0.3 percent (vs 3.5 percent in Q3).

Considering 2018 full year, GDP rose 2.5 percent, following a 2.9 percent increase in 2017.


Monday December 24 2018
Dutch GDP Growth Confirmed at 0.2% in Q3
Statistics Netherlands l Chusnul Ch Manan | chusnul@tradingeconomics.com

The Dutch economy grew by 0.2 percent on quarter in the three months to September 2018, following a 0.7 percent expansion in the previous period, matching market expectations, and in line the preliminary estimates. It is the lowest growth rate since the second quarter of 2016, as exports growth slowed while both household spending and investment showed no growth. Also, government spending stalled.

Exports increased 1.2 percent, below 1.4 percent in Q2 while imports rose at a faster 1.4 percent (0.4 percent in Q2).Household spending showed no growth, after a 0.2 percent gain in the previous period while government spending stalled after edging up 0.1 percent in Q2. Also, gross investment in fixed assets showed no growth after a 0.8 percent growth in Q2.
 
Year-on-year, the economy advanced by 2.4 percent year-on-year in the third quarter, in line with the preliminary estimate and following a 3.1 percent expansion in the previous period, and the lowest growth rate since the last quarter of 2016. Slowdowns were seen in household spending (1.8 percent compared to 2.6 percent in Q2); investment (3.3 percent compared to 5.9 percent); exports (3.4 percent compared to 3.5 percent); while imports rose faster (3.5 percent compared to 3.1 percent). On the other hand, public expenditure increased slightly faster (1.2 percent compared to 1.1 percent). 
 
 


Wednesday November 14 2018
Netherlands GDP Growth Lowest in Over 2 Years
Joana Taborda | joana.taborda@tradingeconomics.com

The Dutch economy expanded 0.2 percent on quarter on the three months to September of 2018, well below a downwardly revised 0.7 percent in the previous period and worse than market expectations of 0.5 percent. It is the lowest growth rate since the second quarter of 2016, preliminary estimates showed. Household spending was the main driver of growth while exports slowed and investment shrank.

Household spending rose 0.4 percent, after a 0.2 percent gain in the previous period while government spending stalled after edging up 0.1 percent in Q2. Exports increased 0.5 percent, below 1.2 percent in Q2 while imports rose at a faster 0.6 percent (0.2 percent in Q2). Also, grossinvestment in fixed assets delcined 0.5 percent after a 0.7 percent growth in Q2. 

Year-on-year, the economy expanded 2.4 percent, below 3.1 percent in Q2 and the lowest growth since the last quarter of 2016. Slowdowns were seen in household spending (2.3 percent compared to 2.6 percent in Q2); investment (2.4 percent compared to 5.9 percent); exports (2.3 percent compared to 3.5 percent); and imports (2.1 percent compared to 3.1 percent). On the other hand, public expenditure increased slightly faster (1.3 percent compared to 1.1 percent). 


Friday September 21 2018
Dutch GDP Growth Revised Higher to 0.8% in Q2
Statistics Netherlands | Chusnul Ch Manan | chusnul@tradingeconomics.com

The Dutch economy advanced by 0.8 percent on quarter in the three months to June 2018, above the preliminary estimate of 0.7 percent and following a 0.6 percent expansion in the previous period.

Net external demand was the main driver of growth, as exports jumped 1.3 percent in the second quarter (vs -0.5 percent in Q1) and imports increased at a slower 0.3 percent (vs 0.4 percent in Q1). Also, fixed investment advanced 1.1 percent (vs 2.6 percent in Q1) and household consumption grew 0.3 percent (vs 1.4 percent in Q1). Government spending rose 0.1 percent (vs 0.4 percent in Q1), while changes in inventories had no contribution to growth (vs 0.5 percentage points in Q1).
 
Year-on-year, the Dutch economy grew by 3.1 percent year-on-year in the second quarter, above the preliminary estimate of 2.9 percent and following a 2.8 percent expansion in the previous period. It was the strongest growth rate since the second quarter of 2008, mainly driven by exports (3.5 percent vs 2.5 percent in Q1). Also, increases were seen in fixed investment (5.9 percent vs 6.3 percent), household expenditure (2.6 percent vs 3.6 percent) and public spending increased (1.1 percent vs 1.3 percent). Additionally, inventory changes contributed 0.7 percentage points to the GDP growth (vs -1 percentage point in Q1).


Tuesday August 14 2018
Dutch Q2 GDP Growth Stronger than Expected
CBS | Joana Ferreira | joana.ferreira@tradingeconomics.com

The Dutch economy grew by 0.7 percent on quarter in the three months to June 2018, following a 0.6 percent expansion in the previous period and beating market expectations of 0.5 percent, a preliminary estimate showed. Growth was mainly driven by foreign trade and investments.

Net external demand was the main driver of growth, as exports jumped 0.9 percent in the second quarter (vs -0.6 percent in Q1) and imports dropped 0.1 percent (vs 0.3 percent in Q1). Also, fixed investment advanced 0.7 percent (vs 2.5 percent in Q1) and government spending rose 0.2 percent (vs 0.4 percent in Q1). Changes in inventories contributed 0.1 percentage points to growth (vs 0.6 percentage points in Q1). On the other hand, household consumption was unchanged in the second quarter after a 1.4 percent surge in the previous period.

Compared with the same quarter of 2017, the GDP rose by 2.9 percent in the three months to June, following a 2.8 percent advance in the previous period. Growth was driven by fixed investment (5.3 percent vs 6.3 percent in Q1), exports (2.9 percent vs 2.5 percent), household expenditure (2.2 percent vs 3.6 percent) and public spending (1.2 percent vs 1.3 percent). Also, changes in stocks contributed 0.8 percentage points to growth (vs -1 percentage points in Q1).


Friday June 22 2018
Dutch Q1 GDP Growth Revised Up to 0.6%
Statistics Netherlands l Chusnul Ch Manan | chusnul@tradingeconomics.com

The Dutch economy advanced by 0.6 percent on quarter in the three months to March of 2018, slowing from an upwardly revised 0.9 percent rise in the fourth quarter of 2017, beating market expectations of a 0.5 percent expansion, and above the preliminary estimates of 0.5 percent expansion.

Compared to the fourth quarter of 2017, output rose faster for household spending (1.5 percent from 0.2 percent in Q4) and fixed investment rebounded (2.7 percent from -1.1 percent). Meanwhile, government spending (0.4 percent vs 0.2 percent) and changes in inventories (0.7 percent from 0.5 percent in Q4) contributed little to the expansion. Meantime, net external trade contributed negatively to growth as exports declined 0.6 percent (1.1 percent in Q4) while imports went up 0.5 percent (0.9 percent in Q4).

Year-on-year, the Dutch economy grew by 2.8 percent in the first quarter of 2018, accelerating slightly from a downwardly revised 2.7 percent expansion in the previous period. Growth was primarily driven by fixed investment (6.3 percent from 5.9 percent in Q4) and household expenditure (3.6 percent vs 1.1 percent). Also, public spending advanced more (1.3 percent vs 0.9 percent). Meanwhile, net external trade contributed negatively to growth for the first time in more than two years, as imports increased 3.9 percent (5.5 percent in Q4) and exports went up at a slower 2.5 percent (6.2 percent in Q4).